Binance Terminates All Trading Over Abnormal Crypto Transactions
Tonight, cryptocurrency reciprocation Binance has suspended its trading services after one token on its platform was researched with irregular transactions. According to the 24-hour price high figures from Binance, the price of Syscoin shot up to 96 BTC from its whilom price of around 0.00004 BTC. Later on, the company informed that it has closed the platform’s trading services as it would undergo system maintenance, during which switch, withdrawals, and other account functions would be suspended. Since then, the proprietorship has stated that has completed its system maintenance and has resumed all trading motion at 8:00 AM UTC. The official blog post reads:
“Binance has completed its methodology maintenance and we will resume all trading activity at 08:00 AM (UTC). From now until the commencement of calling, users will be able to cancel orders, process deposits, withdrawals, and use all other account cognate functions. Please stay tuned for a more in-depth explanation of today’s living in a later announcement.”
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Joint Chiefs of Universal Tax Enforcement (J5) Launch Global Crackdown On Cryptocurrency Crimes
Last Monday, a newly type group comprised of tax authority agencies announced they will be achievement closely to prevent tax evasion on capital gains from cryptocurrencies and resources laundering activities through cryptocurrencies. The group is named “Joint Chiefs of International Tax Enforcement (J5)” and will be formed by the US Internal Revenue Service (IRS) and the tax concerns of the UK, Canada, Australia, and the Netherlands. IRS-CI Chief, Don Fort, stated:
“Siloing [their] poop from the rest of the world while organized criminals and tax cheats work the system and exploit vulnerabilities for their personal gain. The J5 aims to break forth down those walls, build upon individual best practises, and become an operational group that is forward-thinking and can pressurize the global knave community in ways we could not achieve on our own.”
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Microsoft Launches Firm Blockchain Partnership in Taiwan
Last week, Microsoft Taiwan announced it has proffered into a partnership with Digital China and Hot Cool in a bid to use blockchain technology to recover the financial, e-commerce, entertainment, and several other industries. General Executive of Microsoft Taiwan, Sun Jikang, explained that Microsoft Azure can remodel the computing speed and security of Digital China’s digital blockchain overhauls, as stated:
“Taiwan has first-class engineering and technical talents, and their innovative point of view cannot be underestimated. At the same time, it carries a solid manufacturing and R&D understructure, plus Excellent geographical location, with the superior conditions for the unfolding of blockchain application, I believe that Microsoft’s tooling in the strategic layout of the blockchain, and citing the wide-ranging partner resources, is bound to be the vision of the industrial application of the blockchain.”
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